News from the mine

News from the mine

May

2018

Terrafame Group’s mission and name to change

18.5.2018

The Ministerial Committee on Economic Policy of the Finnish Government has decided to endorse the reorganising of the State’s mining industry holdings into a new holdings and development company. This will advance the development of Finland’s battery and ...

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Annual Report 2017 has been published

2.5.2018

Terrafame Ltd has today published its Annual Report 2017 in both English and Finnish. The online report includes the management reviews as well as sections covering business activity, responsibility and corporate management. Also the financial statements ...

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November

2017

New private financing for Terrafame to support future investments

10.11.2017

Terrafame Group Ltd. (“Terrafame Group”) and Terrafame Ltd. (“Terrafame”) have on November 9, 2017 agreed with Galena Asset Management (“Galena”), Trafigura Group (“Trafigura”) and Sampo plc (“Sampo”) on a funding package to support Terrafame’s future inv...

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April

2017

Terrafame has published its Annual Report 2016

27.4.2017

Terrafame Ltd. has today on published its Annual Report 2016. The web report contains a business review, corporate governance statement as well as annual reviews by the Board of Directors of Terrafame Ltd. and the Board of Directors of Terrafame Group Ltd...

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February

2017

Terrafame secured private financing

10.2.2017

Terrafame Group Ltd., Terrafame Ltd., Trafigura Group and its investment arm Galena Asset Management have today on February 10, 2017, agreed on a funding arrangement and long term commercial collaboration. Terrafame Group and Sampo plc act as co-investors...

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Invitation to Terrafame Group press conference on Friday, 10 February 2017

10.2.2017

Terrafame Group hosts a press conference today, 10 February 2017, at 13:30 EET regarding a financial arrangement concerning Terrafame. Finnish Minister of Economic Affairs Mika Lintilä, representatives of Terrafame Group Ltd. and Terrafame Ltd., as wel...

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November

2016

Report: Terrafame has a great impact on the economy of Kainuu and Finland as a whole

16.11.2016

According to a report by consultancy firm Ramboll Finland Oy, Terrafame Ltd.'s multi-metal mine and metals recovery plant are highly important for the vitality of the Kainuu region. The impact on employment and the economy also extends to other regions in...

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State owner ensures Terrafame’s ability to complete financing negotiations

11.11.2016

The Ministerial Committee on Economic Policy has discussed Terrafame’s situation today, 11 November 2016. The Ministerial Committee on Economic Policy has revised its decision made in May 2016 by allowing the negotiations aimed at securing private financi...

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Terrafame pilots four new solutions for process water management at the mine

4.11.2016

Terrafame Group Ltd.’s water technology project has progressed to the pilot phase where the purification solutions of the waters at the mine area will be tested in practice at the Sotkamo mine Minimising the sulphate concentration would further decrease ...

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June

2016

New water management plan for the the Terrafame mine – possibility of significant benefits

16.6.2016

The new water management solutions would reduce the environmental impacts of the Terrafame mine and improve production efficiency and could bring new business opportunities. The concept plan includes significant changes in the mines sulphate, sodium and...

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Terrafame to withdraw from the term sheet signed with Talvivaara Mining Company Plc and collect its receivables from Talvivaara Mining Company Plc

3.6.2016

Terrafame Group Ltd., Terrafame Ltd., Winttal Oy (together “Terrafame companies”) and Talvivaara Mining Company Plc signed a term sheet in January 2016 on the key terms and conditions of the sale and purchase of the assets concerning the operation of the ...

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May

2016

Terrafame’s mining operations will continue − the State of Finland is preparing for a managed closure of the mine

25.5.2016

The Ministerial Committee on Economic Policy has today, on 25 May 2016, discussed Terrafame’s situation and the continuation of its operations. The operational conditions are still met for the ramp-up of the mining operations to continue successfully, and...

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April

2016

Terrafame has published its Annual Report 2015

14.4.2016

Terrafame Ltd. has today on 14 April 2016 published its Annual Report 2015 on annualreport2015.terrafame.fi. The web report contains a business review, corporate governance statement as well as reviews by the Board of Directors of Terrafame Ltd. and the B...

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